Analyst Consensus ?
ConsensusHold28 ratings
Bullish1242.9%
Neutral1657.1%
Bearish00.0%
Invesco Ltd. · IVZ · FY2024 Q4 · Calendar Q1 2025
Invesco: ETF inflows and alternatives support growth; Alpha costs remain
The quarter supports a constructive operating picture: ETF and alternative-credit demand were key growth drivers, while Alpha migration costs and fee pressure remain execution risks.
Reported Before market openNYSEFinancial Services
$12.45B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $0.51
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $1.16B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+9.0%
Event window
SPY move
+0.9%
Same window
Abnormal move
+8.1%
Stock minus SPY
Volume
4.0×
Versus trailing sessions
Subsequent drift
-11.1%
Up to 20 sessions
IVZSPY benchmark
Ask FN2 about IVZ FY2024 Q4
Transcript, numbers and history already loaded
What drove IVZ's +9.0% move after FY2024 Q4 earnings?What changed in IVZ's guidance and outlook in FY2024 Q4?Give me the bull and bear case for IVZ after FY2024 Q4 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The latest analysis places greater emphasis on record ETF inflows, alternative-credit expansion and a multi-year Alpha migration, while the prior analysis centered on broad net inflows, platform transition costs and product expansion.
Guidance delta
Guidance sentiment was maintained; no numerical guidance was provided in the supplied analysis.
Key takeaways
- ETF and index demand were identified as the primary organic growth drivers.
- Private credit and real-estate debt remained important expansion areas, particularly through wealth-management distribution.
- Management highlighted continued Alpha platform migration as a route to longer-term operating leverage.
- Fee-rate compression, product outflows and implementation costs remain the main offsets to the constructive operating picture.
Management priorities
- Scale the ETF and custom-indexing platform through new products and institutional partnerships
- Expand private-credit and real-estate debt offerings through wealth-management channels
- Complete the Alpha platform migration and pursue expected operating leverage
- Continue capital returns while considering selective partnerships and inorganic growth
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Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$28.2Current
$17Low
$28.95Average
$36High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 17, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| BMO Capital | Outperform | Outperform | Maintain | Oct 13, 2026 |
| TD Cowen | Buy | Buy | Maintain | Oct 12, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Oct 9, 2026 |
| Evercore ISI Group | In Line | In Line | Maintain | Oct 9, 2026 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Sep 25, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | Jul 29, 2026 |
| Barclays | Equal Weight | Equal Weight | Maintain | Jul 29, 2026 |
| Goldman Sachs | Neutral | Neutral | Maintain | Apr 29, 2026 |
| Argus Research | Buy | Buy | Maintain | Jan 28, 2026 |
| Deutsche Bank | Buy | Hold | Upgrade | Dec 17, 2025 |
| B of A Securities | Neutral | Neutral | Maintain | Oct 2, 2025 |
| Citigroup | Neutral | Neutral | Maintain | Sep 29, 2025 |
| Wells Fargo | Equal Weight | Underweight | Upgrade | Jul 11, 2025 |
| UBS | Neutral | Neutral | Maintain | Feb 3, 2025 |
| Keefe, Bruyette & Woods | Market Perform | Market Perform | Maintain | Jan 29, 2025 |
| Credit Suisse | Neutral | Underperform | Upgrade | Mar 29, 2023 |
| Jefferies | Hold | Buy | Downgrade | Jun 7, 2019 |
| Keefe Bruyette & Woods | Market Perform | Outperform | Downgrade | Jul 13, 2018 |
| Argus | Buy | Buy | Maintain | May 5, 2018 |
| Bank of America | Neutral | Buy | Downgrade | Jan 8, 2018 |
| Keefe, Bruyette& Woods | Perform | Outperform | Downgrade | Dec 12, 2016 |
| Susquehanna | Positive | Positive | Maintain | Sep 3, 2015 |
| PiperJaffray | Overweight | Overweight | Maintain | Jun 3, 2015 |
| Sterne Agee | Buy | Neutral | Upgrade | Jan 7, 2015 |
| Evercore Partners | Equal Weight | Equal Weight | Maintain | Jul 10, 2013 |
| Nomura | Buy | Buy | Maintain | May 1, 2013 |
| Stifel Nicolaus | Buy | Buy | Maintain | Feb 1, 2013 |
| Stifel | Buy | Buy | Maintain | Feb 1, 2013 |
Named analyst price targets
Upside is calculated against the persisted current price $28.2. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Analyst unavailable | $36 | $28.8 | +27.7% | Oct 13, 2026 |
| RBC Capital | Analyst unavailable | $36 | $29.68 | +27.7% | Oct 9, 2026 |
| Evercore ISI | Analyst unavailable | $34 | $29.69 | +20.6% | Oct 9, 2026 |
| UBS | Analyst unavailable | $41 | $30.38 | +45.4% | Oct 6, 2026 |
| Morgan Stanley | Michael Cyprys | $31 | $30.68 | +9.9% | Sep 25, 2026 |
| RBC Capital | Analyst unavailable | $39 | $32.02 | +38.3% | Aug 13, 2026 |
| Evercore ISI | Analyst unavailable | $35 | $32.05 | +24.1% | Aug 10, 2026 |
| Barclays | Analyst unavailable | $32 | $29.43 | +13.5% | Jul 29, 2026 |
| Barclays | Analyst unavailable | $31 | $28.4 | +9.9% | Jul 14, 2026 |
| Evercore ISI | Analyst unavailable | $32 | $29.08 | +13.5% | Jul 10, 2026 |
| Evercore ISI | Analyst unavailable | $31 | $27.79 | +9.9% | Jun 8, 2026 |
| Goldman Sachs | Alexander Blostein | $30 | $25.88 | +6.4% | Apr 29, 2026 |
| Barclays | Analyst unavailable | $26 | $25.88 | -7.8% | Apr 29, 2026 |
| RBC Capital | Kenneth Lee | $31 | $24.95 | +9.9% | Apr 21, 2026 |
| Evercore ISI | Analyst unavailable | $27 | $23.63 | -4.3% | Apr 10, 2026 |
| BMO Capital | Analyst unavailable | $28 | $23.63 | -0.7% | Apr 10, 2026 |
| RBC Capital | Kenneth Lee | $33 | $27.76 | +17.0% | Jan 28, 2026 |
| Cowen & Co. | Analyst unavailable | $34.5 | $27.28 | +22.3% | Jan 28, 2026 |
| Argus Research | Stephen Biggar | $31 | $27.26 | +9.9% | Jan 28, 2026 |
| Goldman Sachs | Analyst unavailable | $29.5 | $27.16 | +4.6% | Jan 28, 2026 |
| Barclays | Analyst unavailable | $29 | $27.16 | +2.8% | Jan 28, 2026 |
| Morgan Stanley | Analyst unavailable | $29 | $28.4 | +2.8% | Jan 26, 2026 |
| RBC Capital | Kenneth Lee | $35 | $28.95 | +24.1% | Jan 21, 2026 |
| Goldman Sachs | Alexander Blostein | $28.75 | $28.25 | +2.0% | Jan 15, 2026 |
| Barclays | Benjamin Budish | $30 | $28.25 | +6.4% | Jan 15, 2026 |
| Goldman Sachs | Alexander Blostein | $28.25 | $28.16 | +0.2% | Jan 6, 2026 |
| Morgan Stanley | Analyst unavailable | $28 | $26.82 | -0.7% | Dec 17, 2025 |
| Deutsche Bank | Analyst unavailable | $31 | $26.03 | +9.9% | Dec 17, 2025 |
| Barclays | Benjamin Budish | $28 | $26.99 | -0.7% | Dec 12, 2025 |
| BMO Capital | Analyst unavailable | $30 | $26.54 | +6.4% | Dec 10, 2025 |
| Goldman Sachs | Analyst unavailable | $25.5 | $23.81 | -9.6% | Nov 25, 2025 |
| Fundamental Research | Analyst unavailable | $27 | $23.66 | -4.3% | Oct 31, 2025 |
| RBC Capital | Kenneth Lee | $25 | $24.02 | -11.3% | Oct 30, 2025 |
| Goldman Sachs | Analyst unavailable | $26.5 | $24.35 | -6.0% | Oct 29, 2025 |
| Barclays | Analyst unavailable | $24 | $22.84 | -14.9% | Oct 21, 2025 |
| Morgan Stanley | Analyst unavailable | $26 | $23.98 | -7.8% | Oct 6, 2025 |
| Evercore ISI | Glenn Schorr | $24 | $21.99 | -14.9% | Sep 5, 2025 |
| Wells Fargo | Michael Brown | $18 | $17.43 | -36.2% | Jul 11, 2025 |
| Barclays | Benjamin Budish | $19 | $18.04 | -32.6% | Oct 23, 2024 |
| Wells Fargo | Michael Brown | $16 | $15.8 | -43.3% | Sep 11, 2024 |
| RBC Capital | Kenneth Lee | $16 | $14.52 | -43.3% | Apr 25, 2024 |
| Deutsche Bank | Brian Bedell | $17 | $16.53 | -39.7% | Apr 5, 2024 |
| Morgan Stanley | Analyst unavailable | $23 | $18.96 | -18.4% | Apr 27, 2022 |
| Deutsche Bank | Brian Bedell | $24 | $19.03 | -14.9% | Apr 27, 2022 |
| Morgan Stanley | Analyst unavailable | $25 | $20.39 | -11.3% | Apr 25, 2022 |
| RBC Capital | Kenneth Lee | $23 | $21.41 | -18.4% | Jan 24, 2022 |
| Barclays | Jeremy Campbell | $25 | $26.29 | -11.3% | Apr 30, 2021 |
| Argus Research | Stephen Biggar | $33 | $26.51 | +17.0% | Apr 28, 2021 |
| Wells Fargo | Christopher Harris | $25 | $25.23 | -11.3% | Apr 13, 2021 |
Track every rating change on IVZ the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationInvesco Ltd. engages in the investment management business. Its products include mutual funds, unit trusts, exchange-traded funds, closed-end funds, and retirement plans. The company was founded in December 1935 and is headquartered in Atlanta, GA.
Historical context
All IVZ earningsFinancial Services peers this season
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Latest beats and misses
Who reports nextBeat on EPS
Get the IVZ recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-01-14T00:00:50.895859+00:00
- Polygon adjusted daily market bars · 2026-10-17T09:10:43.922390+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-17T09:10:43.919657+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-17. For educational purposes only; not investment advice.